I’ve been thinking about this for a long time, so I thought I’d share it with you.

I keep asking myself: what is left that can actually pump crypto now?

We’ve already had almost every bullish catalyst:

We had a pro crypto US government.

We had ETFs.

We had Saylor buying billions he almost $2B in the last two weeks.

We had institutional demand and DATs

We were expecting rate cuts to pump the market. we got three consecutive rate cuts, and still nothing happened.

At the same time, Gold, Silver, Nasdaq and SPX are all at all-time highs.

Historically, crypto moves with the same macro and liquidity forces.

But this time, crypto just didn’t perform.

When I think about all this, one question keeps coming up:

What does crypto actually need to move?

Or are we simply at a stage where all the good news is already priced in, and price now needs time rather than news?

This isn’t panic.

Just an honest thought.